NNPC Raises Petrol Depot Price, Marketers To Sell At N168-N170/litre         The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre. The PPMC...

Oil, Gas Exports Hit $3.71bn In 13 Months       Nigeria exported crude oil and gas worth $3.71bn from August 2019 to August 2020, latest statistics released by the Nigerian National Petroleum Corporation have shown. The NNPC also stated that Nigeria’s total crude oil and gas export sale...

Tank Fire Won’t Disrupt Fuel Supply - MOMAN       The Major Oil Marketers Association of Nigeria has said the recent fire outbreak at the depot of one of its members, OVH Marketing Limited, will not cause product supply disruptions. MOMAN said in a statement on Sunday that...

Why PPMC Stopped Announcing Monthly Ex-depot Price - NNPC         The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products Marketing Company (PPMC) stopped announcing its monthly ex-depot price of the Premium Motor Spirit (PMS). Its Group General Manager, Group Public Affairs Division,...

LUPAN Petitions FG Over PPPRA’s Imposition Of N1.23K Administrative Charge On Base Oil         The Lubricants Producers Association of Nigeria, LUPAN, has petitioned the Federal Government over the imposition of N1.23 kobo administrative charge on base oil by the Petroleum Products Pricing Regulatory Agency (PPPRA). In its...

#EndSARS Protest Disruption Costs Economy N1.5trn       The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives Company Limited has said. “This suggests that the economic recovery path...